BITCOIN - STAY OUT OF MARKET RIGHT NOW ?
Updated
Hi guys, XUANHAIMMOER is here with all you update today.
So today we have some different with many time before that I will declare some criteria for all you instead of using Elliot analysis for next time until BTC have clearly signal.
In last day we all see that BTC have been dumped from 40xx$ in Bitfinex and I also not surprise with this action because many time we have been felt down from this resistance zone.
But the most important thing is the volume in below. Do you see that ? That is problem. Day by day and we see the volume is lower and lower. That mean the market is not clearly for claim that it want to go up or down. We may wait for one day when the volume of market come back with break out up or down this triangle pattern.
The current resistance line and the current support line built a triangle pattern. The job of us right now is stay our market and put stop loss if you buy in my suggestion buy zone last time in 37xx - 38xx$ and keep holding. Sell when the price break down stop loss level I put in above.
WMA49 and WMA105 also be calculated with volume but may we have sideway and unclearly signal for this time.
We will wait the market for next several day and enter with safer entry position than enter right now is very risk for both LONG and SHORT position.
So which signal that we can believe is waiting for the price break up or down triangle pattern with big volume to confirm and I will update when it success in TradingView with next analysis for all you.
Both RSI and DMI as well as MACD indicator also give us triangle pattern with unclearly signal.
If we break down stop loss level so we may see 35xx$ support zone in Bitfinex again.
STAY OUT MARKET UNTIL WE HAVE CLEARLY SIGNAL AND I WILL PUBLIC NEW ANALYSIS FOR ALL YOU \u2028\u2028LOVE ALL <3 <3 <3 ~~~ LIKE THIS POST FOR SUPPORT ME !
So today we have some different with many time before that I will declare some criteria for all you instead of using Elliot analysis for next time until BTC have clearly signal.
In last day we all see that BTC have been dumped from 40xx$ in Bitfinex and I also not surprise with this action because many time we have been felt down from this resistance zone.
But the most important thing is the volume in below. Do you see that ? That is problem. Day by day and we see the volume is lower and lower. That mean the market is not clearly for claim that it want to go up or down. We may wait for one day when the volume of market come back with break out up or down this triangle pattern.
The current resistance line and the current support line built a triangle pattern. The job of us right now is stay our market and put stop loss if you buy in my suggestion buy zone last time in 37xx - 38xx$ and keep holding. Sell when the price break down stop loss level I put in above.
WMA49 and WMA105 also be calculated with volume but may we have sideway and unclearly signal for this time.
We will wait the market for next several day and enter with safer entry position than enter right now is very risk for both LONG and SHORT position.
So which signal that we can believe is waiting for the price break up or down triangle pattern with big volume to confirm and I will update when it success in TradingView with next analysis for all you.
Both RSI and DMI as well as MACD indicator also give us triangle pattern with unclearly signal.
If we break down stop loss level so we may see 35xx$ support zone in Bitfinex again.
STAY OUT MARKET UNTIL WE HAVE CLEARLY SIGNAL AND I WILL PUBLIC NEW ANALYSIS FOR ALL YOU \u2028\u2028LOVE ALL <3 <3 <3 ~~~ LIKE THIS POST FOR SUPPORT ME !
Note
This triangle may have break out in next 2 - 3 days , wait for action
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15 minutes chart has bearish flag pattern
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BTC go exactly like 15 minutes chart I updated in above !Note
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